1st Jan 2014, was the historical day in Indian Life Insurance industry, when all life insurance companies along with the life insurance gaint – LIC of India had stopped selling all old life insurance plans to follow the guidelines of IRDA ( Big Daddy of Insurance sector).
LIC of India is now re-launching its insurance policies. New LIC Plans will be launched as per the the guidelines of IRDA. There are about 500 new life insurance plans that either IRDA has approved or to be approved and will hit the market from Jan/Feb 2014.
Why this BIG change?
To help customers of Life insurance.
To protect the interest of persons buy life insurance.
With the increase of insurance companies in India, cases of miss-selling and fraud were increasing, many investors has already lost there money in the ULIP due to lack of knowledge.
- New guidelines for Traditional Plans (Endowment, Pension, Child Protection, Money Back Plans, Term Plans etc..)
- New guidelines for ULIP Guidelines
“NewLICPlans.in” as the name suggest will help you to find the information about latest LIC Policies launched after 1st Jan 2014.
Please note, we will take great care and efforts for provide you correct information about the plans. LIC of India, may change/update any information.
Team – New LIC Plans.in